Employment Jlhongm

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September 30, 2018

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Employment

Singapore Employment Pass Important Requirements For Foreign Applicants

September 27, 2018

The Singapore Employment Pass is a visa issued to foreign businessmen, shareholders, managing directors, supervisors, and employees with specialized skills, according to the Ministry of Manpower (MOM).

To prove their eligibility, foreign applicants are required to provide MOM with these following documents and certificates:
Educational certificates, and if applicable, testimonials from their previous employers.

All the documents and testimonials should be in English, if not, these should be translated into this language by an authorized translation service.
A completed Employment Pass Application form which is downloaded from MOMs official website.

For professionals: In case that their employer is a Singapore-based company, they should be sponsored by this business entity. However, if their employer is an overseas company which does not operate a local office, they should get sponsorship from a local company which must sign the EP form and stamp this with its company seal.
A company should provide its latest business profile which must be registered to the Accounting and Corporate Regulatory Authority (ACRA). However, if a company is not yet registered to this agency, it should provide at least the registration papers from its respective professional body.

The applicants passport-sized photograph which must be taken within the past three months.

Relevant travel documents and passport particulars of an applicant.

It is important to note that MOM usually requires additional documents and certificates to foreign entrepreneurs. For example, they are required to secure an approval letter from the International Enterprise Singapore if they are planning to setup a representative office.

The approval letter should state the purpose of the application, duration of an applicants assignment, and activity for the maintenance and repatriation of an applicant.

Meanwhile, foreign professionals such as doctors, dentists, school teachers, nurses, lawyers, and pharmacists are also required to submit supporting documents provided by their respective accreditation agency or professional body.

Requirements for EP Applicants

One of the most important requirements is a college diploma from a reputable university. However, passing in this qualification does not guarantee a successful EP application since MOM also considers other factors.

For professionals, they should have several years of work-related experience, specialized skills, and at least a fixed monthly salary of S$2,500. And for businessmen, strong entrepreneurial skills and their companys reputation, background, and paid-up capital will determine their eligibility for this visa.

In some cases, MOM also considers an applicants age, roles and responsibility in a company, and current citizenship.

Employment

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Using Personality Tests to Assess Employment Candidates

September 22, 2018

Many companies realize the considerable cost involved in hiring, training and retain employees. One approach that companies have started to use is to include personality tests in the hiring process. Personality tests can provide a scientific approach to identifying candidates that are the right fit for the work environment. A number of different personality tests have been used in these situations, and the results can be helpful in a number of ways.

What Exactly is Personality Testing and How is it Used in Hiring?

Personality is a set of preferences of thought or action that comes natural to someone. Most researchers believe that personality become set at a young age and does not change. Personality characteristics can explain why some people are natural organizers, why some make decisions based on facts and not feelings and why some are comfortable with limited personal interaction. Personality types are never negative, but certain personality types work better with other types. People of specific personality types are draw to certain positions.

Hiring managers and human resource professionals can use personality assessment of employment candidates as a way to identify the strengths of a candidate and the candidate’s fit with the position and office. For personality testing to be an effective tool, it can be important to understand the personality types of individuals already working for the organizations. Through assessment of employees, management can identify the personality types most present in the office, personality types of high performers and personality types of management. Then, the goal is to identify candidate with personality characteristics that would be a good match.

What Personality Assessment are Available?

Today, a number of companies provide personality assessment of employment candidates, and there are a couple of frequently used assessments, including the DISC and CPI. The DISC, or Dominance, Influence, Steadiness, Conscientiousness assessment, identifies the primary and secondary personality style of individuals based on quadrants taken from the assessment’s name. Each type has its own strengths and weaknesses. CPI, or the California Psychological Inventory, rates test-takers on 18 scales, which measure interests, personality, and behavioral characteristics.

DISC and CPI provide hiring managers with objective information about candidates that can complement other objective information, such as work history and credentials, and subjective information from interviewers. While personality testing can only serve as one part of the hiring process, personality assessment of employees before hiring can provide an additional way to try to increase employee retention, improve team morale and save money.

Employment

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Economic City To Transform Medak District

September 17, 2018

Medak District is located in Andhra Pradesh, India. Sangareddy is the district headquarters of Medak. Minister for Major Industries J. Geeta Reddy recently claimed that the Medak district has witnessed multi-fold development. The Export Promotion Industrial Park in Medak District has an area of 300 acres, and the Garment Complex at Gundla Pochampally in Medak District has an area of 170 acres. The Nagarjuna Agricultural Reserach and Development Institute (NARDI) has a 107-acre research farm, situated at Wargal, Medak District, 50 km from Hyderabad on the Rajiv Gandhi Highway.

The proposal of Hyderabad Economic City (HEC) will transform Medak considerably. Ras Al Khaima Authority (RAKIA), and APIIC signed a memorandum of understanding in September last for the development of HEC with a proposed investment of Rs 20,000 crore. The Andhra Pradesh government recently allotted 471 acres of land at Sultanpur village of Medak district for the first phase of Hyderabad Economic city which is being jointly developed by APIIC and RAS-AL-KHAIMAH. RAK is the investment arm of the UAE government which had asked for a total of 2000 acres for the project. The balance land would be allotted in due course according to an APIIC official. It would be an integrated financial hub with infrastructure facilities for financial services operations for banking, insurance and asset management companies. The project would also have an integrated health city that would include facilities for clinical and non-clinical services, hospitals, and medical colleges, research services for clinical trials, drug delivery system, stem cell research and genetic research among other things, according to sources. This is the largest real estate and infrastructure project coming up in Andhra Pradesh and is expected to provide quality employment to thousands of people. RAKIA is a world renowned and much respected investment body that is cash rich. Executing a project of this magnitude is well within their capability. Residential areas adjacent to Sultanpur such as Ayilapur, Kistareddypet and patelgudem will be the most sought after destinations and are likely to appreciate in value considerably.

This project is a boon to Medak district which would assume great significance in terms of the infrastructure being provided and tremendous employment potential. Sultanpur is located abutting the outer ring road and is presently accessible from the Mumbai highway via the Beeramguda crossing which is two Km after BHEL. A three and half Km drive would bring you to Kistareddypet village. The limits of Sultanpur commence barely half a Km to the right of Kistareddypet which has already been witnessing real estate development in the form of gated communities, residential layouts and apartment complexes. Sultanpur is situated at a distance of 16 to 18 Km from important hubs such as hi-tech city area, Microsoft campus, financial district etc. The prestigious IIT Hyderabad campus is also coming up in Medak district around 20 Kms from Sultanpur.

To support the investments around Medak district, the government of Andhra Pradesh proactively took few measures on the Power Generation. Andhra Pradesh Power Generation Corp (APGENCO) has implemented the 2x 7..5 MW Singur hydel project at the head of Singur dam across river Manjira in Medak district. The project, estimated to cost Rs 405.8 Million was financed by the governments of AP and Karnataka as well as funds from power finance Corp (Rs. 160 million). BHEL supplied the turbines and Generators. The first 7.5 MW unit was commissioned in December 1999 while the second unit was commissioned in January 2000.

For Latest Property News in Hyderabad
Visit: http://www.propertydirect.in/newsEvts.faces

Employment

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Mortgage Loans With Bad Credit 3 Factors To All But Guarantee Approval

September 10, 2018

The biggest mystery in some minds is how to secure the funding necessary to buy a home, despite having a low credit rating. The sheer size of the loan needed to complete the purchase is staggering. And yet, securing mortgage loans with bad credit ratings is viable and common.

But applicants that believe securing mortgage approval under these circumstances is impossible miss the point. Lenders actually want to lend money, it is just the protective policies they apply that can get in the way. Once the criteria is met and the lender feels assured, approval is all but definite.

The question is how to convince the lenders to the degree that bad credit scores are overlooked and the mortgage loan is granted. Well, there are a few simple measures to take that will do the job, but here are three of the most effective.

Offer a Big Down Payment

It would be foolish to overlook the significance of down payments. Indeed, it can be a major advantage when applying for mortgage loans with bad credit. This is for two reasons: firstly, it affects the size of the mortgage required; and secondly, it reflects the character of the applicant.

A down payment represents a share of the purchase price that is bought out immediately. So, a 5% down payment on a $200,000 property translates to paying $10,000 off the price. This means that a mortgage of $190,000 is required. But a big down payment, of say 20%, means that the sum borrowed falls to $160,000.

Securing mortgage approval is easier as the loan amount falls, but the impression saving up a large down payment has also impresses the lenders. Saving $40,000 is no mean feat in these difficult times, requiring real financial discipline. This is the kind of discipline that lenders want to see in the people they approve mortgage loans to.

Address the Low Credit Score

Another move that impresses the lenders is taking measures to improve the credit score that the applicant has. When seeking mortgage loans with bad credit, the influence that the credit score has can be the difference between monthly repayments that are affordable and too expensive.

There are several ways to improve a credit score. A popular way is to take out a series of small payday loans, perhaps of $1,000, and then repay them in full when the next paycheck arrives. However, each time the loan is repaid in full, the credit score is adjusted accordingly. As the score gets higher, securing mortgage approval gets a little easier.

Alternatively, a larger loan could be taken out to consolidate all of the existing debt, replacing numerous loans with one central debt that is easier to manage. Then, when applying for the mortgage loan, the higher score means lower interest rates.

Prove Secure Employment Status

Finally, perhaps the most basic step to take is to prove that your employment status is secure. This can be difficult given the uncertainty of the economy, but those employed long term are in a stronger position to convince lenders that repayments will be made. So, getting a mortgage loan with bad credit is easier.

Providing all the necessary documentation is essential. A photocopy of a paycheck will confirm the monthly income while a copy of an employment contract can confirm the job is more than just a short-term position. Securing mortgage approval can rest on these few aspects of the application.

However, keep in mind the debt-to-income ratio too, with a maximum 40% of the excess income reserved for debt repayments. This means that even with all the boxes ticked, the share of available income is not enough. Therefore, the mortgage loan has to be rejected.

Employment

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